Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For April 2024
Rhea-AI Summary
Cohen & Steers, Inc. (NYSE: CNS) reported preliminary assets under management of $77.2 billion as of April 30, 2024, showing a decrease of $4.1 billion from the previous month. The decrease was primarily due to market depreciation, net outflows, and distributions. The total AUM for the company stood at $77.2 billion.
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Negative
The company experienced a decrease in assets under management by $4.1 billion, mainly attributed to market depreciation, net outflows, and distributions. This decline may raise concerns among investors about the company's financial performance and stability in the market.
News Market Reaction – CNS
In the trading session that priced this news, CNS gained 3.00%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Assets Under Management (unaudited)
| |||||
($ in millions) | AUM | Net | Market | AUM | |
By investment vehicle: | 3/31/2024 | Flows | Depreciation | Distributions | 4/30/2024 |
Institutional Accounts: | |||||
Advisory | ( | ( | - | ||
Japan Subadvisory | 8,535 | (58) | (531) | (56) | 7,890 |
Subadvisory excluding | 5,693 | (9) | (306) | - | 5,378 |
Total Institutional Accounts | 32,424 | (84) | (1,639) | (56) | 30,645 |
Open-end Funds | 37,685 | 9 | (1,881) | (44) | 35,769 |
Closed-end Funds | 11,126 | 1 | (330) | (51) | 10,746 |
Total AUM | ( | ( | ( | ||
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in
View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-preliminary-assets-under-management-and-net-flows-for-april-2024-302140482.html
SOURCE Cohen & Steers, Inc.
FAQ
What were the preliminary assets under management reported by Cohen & Steers for April 2024?
Cohen & Steers reported preliminary assets under management of $77.2 billion for April 2024.
What were the main reasons for the decrease in assets under management for Cohen & Steers in April 2024?
The decrease in assets under management was primarily due to market depreciation, net outflows, and distributions.
What was the total AUM for Cohen & Steers at the end of April 2024?
The total assets under management for Cohen & Steers at the end of April 2024 were $77.2 billion.